Antonelli Financial Advisors LLC Buys New Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Antonelli Financial Advisors LLC acquired a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,040 shares of the exchange traded fund’s stock, valued at approximately $485,000. iShares U.S. Technology ETF makes up approximately 0.4% of Antonelli Financial Advisors LLC’s investment portfolio, making the stock its 29th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in IYW. Raymond James Financial Inc. purchased a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth $256,146,000. The Manufacturers Life Insurance Company boosted its position in shares of iShares U.S. Technology ETF by 4,550.8% during the third quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock valued at $83,914,000 after buying an additional 541,550 shares during the last quarter. Dynasty Wealth Management LLC boosted its position in shares of iShares U.S. Technology ETF by 54.8% during the fourth quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock valued at $223,972,000 after buying an additional 497,043 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at $38,293,000. Finally, HighTower Advisors LLC boosted its position in shares of iShares U.S. Technology ETF by 55.1% during the third quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock valued at $54,626,000 after buying an additional 128,052 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $145.69 on Friday. The stock has a market capitalization of $18.17 billion, a price-to-earnings ratio of 33.00 and a beta of 1.16. The stock’s 50-day simple moving average is $156.93 and its two-hundred day simple moving average is $156.22. iShares U.S. Technology ETF has a 52-week low of $124.32 and a 52-week high of $167.30.

iShares U.S. Technology ETF Company Profile

iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index (the Index).